KUALA LUMPUR: Karambunai Corp Bhd’s largest shareholder Tan Sri Dr Chen Lip Keong, with a 73.41% stake, intends to take Karambunai private in a deal worth an estimated RM184.67 million.
Karambunai, in a filing yesterday, told Bursa Malaysia that it had received an unconditional voluntary takeover offer from UOB Kay Hian Securities (M) Sdn Bhd, on behalf of Chen, to acquire the remaining 1.54 billion shares or a 26.59% interest not held by him, at a cash price of 11 sen per share.